Opawica Explorations Inc (CVE:OPW) (PINK:OPWEF) stock price is searching for new support after securing the higher ground with the help of a news report.
OPW price remains 37% higher compared to where it was a couple of sessions before. The trading volume stayed above the average on Wednesday but was only three times the average of 267 thousand, hardly comparable to the previous day’s 6 million.
The stock price action was recently influenced by Opawica’s announcement of assay results for drilling done on Atikwa Lake gold-copper-silver property in Ontario.
Two of the tree zones tested contained average gold and silver mineralization levels below 1 g/t with some much higher values within small lengths. The third zone totaled 1.48 g/t gold and 1.18 g/t silver. The highest gold grade found was 49.1 g/t over 1 meter and for silver it was 6.3 g/t over the same length.
The stock price action is getting calmer already and it seems the new price level might be adopted to incorporate the mineral new findings. There is a vague support forming at 5.5 cents per share already. The price was in consolidation a couple cents lower before the move occured so bears could still gather enough power to set the price back to these previous safe levels.
